Legal Opinion
American State Bank v. United States
District Court, E.D. Wisconsin
Decided September 3, 1959No. Nos. 58-C-97, 58-C-192PublishedCited by 9 opinions
1Opinion of the Court
GRUBB, District Judge.
The above are actions for refund of alleged overpayments of income taxes for the years 1953, 1954, and 1955 in the total amount of $85,657.76. The controversy concerns amounts of allowable deductions as reasonable additions to a reserve for bad debts under Section 23 (k) (1), 26 U.S.C.A., I.R.C.1939, as amended, applicable for the year 1953, and Section 166(c), 26 U.S.C.A., I.R.C. 1954, for the years 1954 and 1955.
The court has jurisdiction of these actions under Section 1346, as amended, of Title 28 U.S.C.A. (1948).
Section 23(k) (1), I.R.C.1939, and Section 166(c),…
2Cases cited9 opinions
- Black Motor Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- Black Motor Co. v. CommissionerUnited States Board of Tax Appeals · 1940
- Krim-Ko Corp. v. CommissionerUnited States Tax Court · 1951
- S. W. Coe & Co. v. V. Y. Dallman, Collector of Internal RevenueCourt of Appeals for the Seventh Circuit · 1954
- Maverick-Clarke Litho Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1950
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- American State Bank, a Wisconsin Banking Corporation v. United States of America, (Two Cases)Court of Appeals for the Seventh Circuit · 1960
- Investors Discount Corp. v. CommissionerUnited States Tax Court · 1967
- First Nat'l Bank v. CommissionerUnited States Tax Court · 1965
- Boardwalk Nat'l Bank v. CommissionerUnited States Tax Court · 1960
- Union National Bank of Youngstown v. United StatesDistrict Court, N.D. Ohio · 1965
4 more not listed; retrieve them via the Exa API.